- You receive a guaranteed monthly payment on the first* of every month via direct deposit.
- You retain total control. You can collect a security deposit, use your own lease, and screen tenants according to your own suitability criteria.
- You receive free biennial inspections to ensure maximum property upkeep.
- Most importantly – by participating in the Section 8 Program, you are helping low-income families obtain housing.
*If the first of the month is a weekend or holiday, payment will be released on the next business day.
To become a participating owner, all you need to do is to lease your rental unit to a Section 8 HCV Program voucher holder. Generally, owners cannot rent to relatives under the Section 8 HCV Program. The LACDA may grant an exception as a reasonable accommodation to a disability.
The LACDA will require you to provide proof of ownership of the rental property, and to certify that the rent you charge the voucher holder is the same as what you currently charge unassisted families.
The LACDA may disapprove you for reasons such as engaging in drug trafficking, committing fraud in connection to a Federal housing program, or being debarred by HUD from participating as an owner under the Section 8 HCV Program.
Owner obligations under Section 8 are similar to the obligations of an owner renting in the private market.
- You handle the tenant’s screening for suitability for tenancy.
- You must maintain the rental property in good condition according to the Housing Quality Standards, making repairs as needed.
- You must pay for utilities, maintenance, and services as specified in your lease with the tenant.
- You are required to adhere to the lease, and to the Housing Assistance Payments contract, including the HUD Tenancy Addendum, which is your agreement with the LACDA.
- You must also comply with applicable fair housing laws.